Freescale buys back $92 million notes in quarter

By Jennifer Chiou

New York, Feb. 6 - Freescale Semiconductor Inc. repurchased $53 million of its 8 7/8% notes due 2014, $22 million of its fixed-rate notes due 2016 and $17 million of its floating-rate notes due 2014 during the fourth quarter of 2008, according to a 10-K filing with the Securities and Exchange Commission.

The company said it used funds from its short-term investment portfolio for the purchase and early retirement of the notes, resulting in a total $83 million discount for all repurchases in 2008.

The company is an Austin, Texas-based designer and manufacturer of embedded semiconductors for the automotive, consumer, industrial, networking and wireless markets.

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